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Washington Trust Bancorp, Inc. (WASH)

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Washington Trust Bancorp, Inc.

23 Broad Street
Westerly, RI 02891
United States
401-348-1200
http://www.washtrust.com

SectorFinancial
IndustryRegional - Northeast Banks
Full Time Employees564

Key Executives

NameTitlePayExercisedAge
Mr. Joseph J. MarcAureleChairman, CEO, Chairman of the Washington Trust Company and CEO of the Washington Trust Company989.37k657.54k66
Mr. Edward O. Handy IIIPres, COO, Director, Pres of Washington Trust Company and COO of Washington Trust Company645.86kN/A55
Mr. David V. DevaultVice Chair, CFO & Sec.478.73k172.78k62
Mr. Mark K. W. GimSr. Exec. VP - Wealth Management and Chief Strategy Officer416.94k85.14k51
Mr. James M. HagertyChief Lending Officer of the Washington Trust Co. and Exec. VP of the Washington Trust Co.365.92kN/A59
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company that offers various banking and financial products and services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit accounts, including interest-bearing checking, noninterest-bearing checking, savings, money market, and retirement deposit accounts; and certificates of deposit, as well as debit card, ATM, telephone banking, Internet banking, mobile banking, remote deposit capture, and cash management services. This segment also provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages, and construction and development loans; commercial and industrial loans; residential real estate loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft. The Wealth Management Services segment provides investment management; financial planning; personal trust and estate services, including services as trustee, personal representative, custodian, and guardian; and settlement of decedents’ estates, as well as institutional trust services, such as custody and fiduciary services. This segment serves personal and institutional clients, and mutual funds. The company also operates as a licensed broker-dealer that markets investment programs, including mutual funds and variable annuities. As of December 31, 2016, it had 10 branch offices located in southern Rhode Island; 10 branch offices located in the greater Providence area in Rhode Island; and 1 branch office located in southeastern Connecticut. The company was founded in 1800 and is headquartered in Westerly, Rhode Island.

Corporate Governance

Washington Trust Bancorp, Inc.’s ISS Governance QualityScore as of August 1, 2017 is 4. The pillar scores are Audit: 1; Board: 4; Shareholder Rights: 6; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.